Castellum, Inc. income statement
In fiscal 2025, Castellum, Inc. reported revenue of $52.9m, up 18.1% on the year before, operating income of −$2.8m (a -5.3% margin) and net income of −$2.4m, or −$0.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 13 | 25 | 42 | 45 | 45 | 53 | 55 |
| Cost of revenue | 7 | 14 | 25 | 27 | 26 | 33 | 36 |
| Gross profit | 6 | 11 | 18 | 19 | 18 | 19 | 20 |
| General and administrative | 6 | 15 | 14 | 18 | 14 | 11 | 10 |
| Operating income | −1 | −8 | −10 | −17 | −7 | −3 | −3 |
| Interest expense | 1 | 2 | 2 | 1 | 0 | 0 | 0 |
| Net interest income | −2 | −3 | −4 | −3 | −1 | 0 | 0 |
| Income before tax | −4 | −10 | −14 | −19 | −10 | −2 | −2 |
| Income tax | −1 | −3 | 1 | −1 | 0 | 0 | 0 |
| Net income | −3 | −8 | −15 | −18 | −10 | −2 | −2 |
| Diluted EPS | −$0.17 | −$0.41 | −$0.55 | −$0.38 | −$0.18 | −$0.03 | −$0.02 |
| Diluted shares (average) | 16m | 18m | 27m | 47m | 55m | 93m | 98m |
| EBITDA | 0 | −6 | −8 | −14 | −5 | −1 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 10 | 12 | 14 | 15 | 13 | 14 | 14 |
| Cost of revenue | 7 | 6 | 7 | 9 | 9 | 8 | 9 | 9 |
| Gross profit | 5 | 4 | 5 | 5 | 5 | 4 | 5 | 5 |
| General and administrative | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 3 |
| Operating income | −1 | −2 | −1 | −0 | 0 | −1 | −1 | −1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net interest income | −0 | −0 | −0 | −0 | 0 | 0 | 0 | 0 |
| Income before tax | −2 | −3 | −1 | −0 | 1 | −1 | −0 | −1 |
| Income tax | −0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −1 | −3 | −1 | −0 | 0 | −1 | −0 | −1 |
| Diluted EPS | −$0.02 | −$0.05 | −$0.01 | $0.00 | $0.00 | −$0.02 | $0.00 | −$0.01 |
| EBITDA | −1 | −1 | −1 | −0 | 0 | −1 | −0 | −1 |
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